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7Preparing Heirs, Estate Transfers, and Business Successions

Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate.—Woody Allen

Whenever I told people I was writing a book about money, family, and communication, the topic of wealth transfer and preparing heirs garnered the most interest. Whether I was speaking with acquaintances, friends, family, or professionals, the conversation typically morphed into a discussion of how to let kids know that the family has wealth and how to raise financially responsible children. It is something that everyone thinks about. I recall seeing the actor ...

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